In August 1994 a strategic plan was developed to guide the effective and efficient operations of the Ministry of Finance. The strategic plan was used as an input into the first restructuring report, which recommended the merger of the former National Commission for Development Planning and the Ministry of Finance to form the then Ministry of Finance and Economic Development. Cabinet approved implementation of the new structure in 1996.
Implementation of the new structure did not produce the intended results and as a result, a task force was constituted to review the structure of the Ministry and make recommendations aimed at enhancing the performance of the Ministry.
Given the need to enhance development planning, His Excellence President Levy Mwanawasa SC re-named the Ministry of Finance and Economic Development as Ministry of Finance and National Planning during his inauguration ceremony in January, 2002 and directed that a Transitional National Development Plan be formulated. This Presidential guidance was intended to augment national planning as the conduit of Economic management of Zambia.
By virtue of its central role in national planning, the Ministry of Finance and National Planning is critical in ensuring that the strategic vision of the Public Service is attained through timely mobilization, disbursement and control of resources for smooth operations of Ministries Provinces and Spending Agencies.
The Secretary to the Treasury, supported by the Permanent Secretary [Financial Management and Administration] and the Permanent Secretary [Budget and Economic Affairs] is responsible for ensuring that the Ministry of Finance and National Planning achieves the core objectives of the mission statement. The two Permanent Secretaries are, therefore, each in charge of the two divisions of the Ministry i.e. Budget and Economic Affairs and Financial Management and Administration.
However, since the initial restructuring of the Ministry in 1996, a number of developments that have a bearing on the performance of the Ministry and implications on its operations have taken place. The Ministry’s strategic plan necessitated the development of performance improvement strategies that culminated in formulation of the mission statement for the Ministry.
This mission statement targets at achieving sustainable performance levels in resource mobilisation and management of public financial and economic resources for the benefit of the people of Zambia.
“Facilitating and ensuring the transformation of the national economy into an efficient and wealth creatingeconomy in order to improve the quality of life of the people of Zambia.”
Through this goal, MOFNP will transform the economy and create wealth in order to reduce the high levels of poverty among the people of Zambia.
|The Fifth National Development plan (FNDP)|
|National Economic Management Cycle|
|Poverty Reduction Budget Support|
|Public Expenditure Management and Financial Accountability|
|Project and Programme Support|
|Zambia Economic Satistics and Indicators|